ETFGI Report on ETFs and ETPs in Europe – July 2026

The European ETF industry closed July 2026 with record assets under management of $3,800 billion. According to the ETFGI report, net inflows since the start of the year have reached $323.59 billion. In July alone, net inflows totalled $57.94 billion.

Assets have risen by 17.9 per cent since the start of the year, climbing from $3,220 billion at the end of 2025 to $3,800 billion at the end of July. This figure exceeds the previous record of $3,770 billion set in May 2026. Net inflows since the start of the year represent the highest figure ever recorded. The second-highest figure was $207.28 billion in 2025, followed by $127.19 billion in 2024. July marks the 46th consecutive month of positive net inflows. Since the start of the year, 379 new ETFs have been launched by 79 issuers, whilst 27 products have been closed.

Deborah Fuhr, Managing Partner, Founder and Owner of ETFGI, commented on market performance as follows: “The S&P 500 fell slightly by 0.06 per cent in July, but remained up 10.14 per cent year-to-date in 2026. Developed markets excluding the US rose by 0.30 per cent in July and were up 14.62 per cent year-to-date, with Luxembourg (+12.10 per cent) and Norway (+9.93 per cent) posting the strongest gains among developed markets. Emerging markets fell by 0.33 per cent in July, but remained up by 9.40 per cent year-to-date, whilst Taiwan (-7.80 per cent) and Turkey (-5.91 per cent) recorded the sharpest declines amongst emerging markets.”

At the end of July, the European ETF industry comprised 3,959 products and 16,381 listings. Total assets amounted to $3,800 billion, distributed amongst 167 issuers listed on 32 stock exchanges across 26 countries. The figures relate to ETFs, typically open-ended index funds that provide daily portfolio transparency and are listed and traded on stock exchanges like shares, using a specific creation and redemption process for primary transactions. The term ETP (Exchange Traded Products) refers to other products with similar trading and settlement arrangements, but without the mutual fund structure.

Asset concentration remains high. iShares remains the largest ETF provider in Europe with $1,500 billion in assets and a market share of 39.4 per cent. Amundi ETF ranks second with $475.43 billion and a share of 12.5 per cent. Xtrackers follows with $390.44 billion and a 10.3 per cent market share. These three issuers hold 62.1 per cent of the sector’s total assets. The remaining 164 providers each hold a market share of less than 8 per cent.

Investors favoured equity ETFs during the month of July.

Equity ETFs recorded net inflows of $40.51 billion in July. Year-to-date inflows total $223.29 billion, a significant increase compared with the $144.30 billion recorded at the end of July 2025.

Bond ETFs recorded net inflows of $11.10 billion in July, bringing the year-to-date total to $65.30 billion, up from $35.92 billion in the same period of 2025.

Commodity ETFs raised $2.12 billion in July. Inflows since the start of the year amount to $5.16 billion, down from $7.96 billion in the same period of 2025.

Active ETFs recorded inflows of $4.30 billion in July, bringing the total since the start of the year to $30.93 billion, a sharp increase compared with the $16.78 billion at the end of July 2025.

Inflows were concentrated in the largest products. The 20 ETFs with the highest net inflows raised a total of $23.33 billion in July. The Vanguard FTSE All-World UCITS ETF (VWRD LN) recorded the highest single inflow, amounting to $3.79 billion.

As for ETPs, the 10 products with the highest net inflows raised $1.99 billion during the month. The Invesco Physical Gold ETC – Acc (SGLD LN) recorded the largest single inflow at $688.47 million.